Greenland Technologies Holding Corporation (GTEC)

GTEC Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	17.63	22.98	16.3	11.06	7.16	2.12
Short-Term Investments	7.05	2.82	7.8	2.11	-	-
Cash & Short-Term Investments	24.69	25.8	24.1	13.17	7.16	2.12
Cash Growth	-4.82%	7.07%	82.98%	83.94%	237.14%	-61.83%
Accounts Receivable	47.95	43.62	43.09	53.47	43.21	28.13
Other Receivables	-	0.23	30.21	39.68	38.54	36.04
Receivables	48.18	43.84	73.3	93.15	81.75	64.17
Inventory	22.48	24.89	23.51	26.24	15.83	9.97
Prepaid Expenses	1.75	0.05	1.57	0.01	-	-
Restricted Cash	3.09	5.21	3.43	6.74	2.24	3.59
Other Current Assets	-	-	-	-	0.66	0.38
Total Current Assets	100.18	99.79	125.91	139.31	107.64	80.24
Property, Plant & Equipment	15.57	15.82	18.21	19.04	20.14	20.63
Long-Term Investments	7.34	9.92	0.25	-	-	-
Goodwill	-	-	-	0	0	0
Other Intangible Assets	3.54	3.64	3.79	4.04	4.04	3.87
Long-Term Deferred Tax Assets	0.48	0.26	0.22	0.14	0.16	0.51
Other Long-Term Assets	0.39	1.05	6.74	0.04	0	1.23
Total Assets	127.51	130.48	155.12	162.57	131.98	106.48
Accounts Payable	51.81	61.99	53.15	71.57	48.43	31.74
Accrued Expenses	2.02	2.17	1.46	1.15	1.69	0.92
Short-Term Debt	0.09	3.14	10.61	11.97	25.74	20.53
Current Portion of Leases	0.51	0.49	0.47	0.23	0.8	2.65
Current Income Taxes Payable	0.77	0.76	0.19	0.11	-	0.01
Current Unearned Revenue	-	-	-	-	1.78	-
Other Current Liabilities	4.5	3.99	0.32	0.44	0.37	0.13
Total Current Liabilities	59.7	72.52	66.21	85.46	78.81	55.99
Long-Term Leases	1.3	1.68	2.18	0.05	0.17	1.35
Long-Term Unearned Revenue	1.37	1.53	-	-	2.34	2.18
Other Long-Term Liabilities	3.84	4.08	7.3	2.21	-	-
Total Liabilities	66.21	79.82	75.68	87.72	81.32	59.52
Additional Paid-In Capital	30.29	30.29	30.29	23.76	13.71	15.23
Retained Earnings	28.85	22.38	38.26	37.51	31.25	23.73
Comprehensive Income & Other	-2	-2.58	-2.83	1.01	-0.06	-0.36
Total Common Equity	57.13	50.08	65.71	62.28	44.89	38.6
Minority Interest	4.17	0.57	13.72	12.56	5.77	8.37
Shareholders' Equity	61.3	50.65	79.43	74.84	50.66	46.96
Total Liabilities & Equity	127.51	130.48	155.12	162.57	131.98	106.48
Total Debt	1.9	5.31	13.26	12.25	26.7	24.54
Net Cash (Debt)	22.79	20.49	10.84	0.92	-19.55	-22.41
Net Cash Growth	73.88%	89.10%	1075.25%	-	-	-
Net Cash Per Share	1.69	1.55	0.91	0.09	-1.95	-2.83
Filing Date Shares Outstanding	13.59	13.59	12.98	11.33	10.5	10.02
Total Common Shares Outstanding	13.59	13.59	12.98	11.33	10.23	10.01
Working Capital	40.49	27.27	59.7	53.84	28.84	24.25
Book Value Per Share	4.20	3.68	5.06	5.50	4.39	3.86
Tangible Book Value	53.59	46.44	61.93	58.25	40.85	34.72
Tangible Book Value Per Share	3.94	3.42	4.77	5.14	4.00	3.47
Buildings	11.58	11.44	11.78	12.75	12.45	11.19
Machinery	23.31	21.56	21.55	22.48	21.43	19.85
Construction In Progress	0.01	0.02	0.02	0.41	0.09	0.24

Source: S&P Capital IQ. Standard template. Financial Sources.